You should thank daytraders for losing money, be happy, cheer them on. I think the more that traders lose the better.
Did you know that when an aircraft falls from the sky, the safety of each aircraft after the accident INCREASES. (Because the survivors learn from the mistakes of the failures) But this doesn’t translate to trading... when a day trader dies... a new one thinks he can do better... and dies too. Maybe he thought he knew better than the guy before but it keeps repeating. Lesson: never compare social science to physical science especially the science of it. (There is no science in social realm). But I get what you mean to say. ive been there... you know..... deceived as f*ck. It’s scary. Grateful I’m aware now. Truly. When I tell them nicely they reject, so I yell, and they reject again. Perhaps, I’m wasting tremendous amount of time
Price movements are a reflection of human decisions to buy/to sell with profit as the objective. Reflection does not mean perfect but it does not mean meaningless either. Since the nature of the humans involved in buying/selling is selected and not random, and their objective remains constant, why should their actions be considered random?